O Shaughnessy Asset Management LLC purchased a new stake in shares of Dover Corp (NYSE:DOV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 258,946 shares of the industrial products company’s stock, valued at approximately $22,849,000. O Shaughnessy Asset Management LLC owned 0.18% of Dover as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in DOV. Boston Partners grew its holdings in Dover by 110.3% during the second quarter. Boston Partners now owns 5,131,152 shares of the industrial products company’s stock valued at $375,601,000 after purchasing an additional 2,691,480 shares during the period. Bank of America Corp DE grew its holdings in Dover by 15.9% during the second quarter. Bank of America Corp DE now owns 5,304,419 shares of the industrial products company’s stock valued at $388,283,000 after purchasing an additional 726,930 shares during the period. Cornerstone Wealth Management LLC grew its holdings in Dover by 7,946.7% during the second quarter. Cornerstone Wealth Management LLC now owns 319,697 shares of the industrial products company’s stock valued at $4,384,000 after purchasing an additional 315,724 shares during the period. Schroder Investment Management Group grew its holdings in Dover by 80.2% during the second quarter. Schroder Investment Management Group now owns 699,811 shares of the industrial products company’s stock valued at $50,925,000 after purchasing an additional 311,500 shares during the period. Finally, Northern Trust Corp grew its holdings in Dover by 15.2% during the second quarter. Northern Trust Corp now owns 2,323,795 shares of the industrial products company’s stock valued at $170,101,000 after purchasing an additional 306,116 shares during the period. 91.78% of the stock is owned by institutional investors and hedge funds.
NYSE DOV opened at $86.42 on Friday. The stock has a market capitalization of $12.71 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.30 and a quick ratio of 0.88. Dover Corp has a twelve month low of $70.12 and a twelve month high of $90.26.
Dover (NYSE:DOV) last posted its earnings results on Thursday, October 18th. The industrial products company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.07. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.76 billion. Dover had a return on equity of 21.22% and a net margin of 9.69%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 earnings per share. Equities research analysts predict that Dover Corp will post 4.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a $0.48 dividend. The ex-dividend date is Thursday, November 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.22%. Dover’s dividend payout ratio is currently 47.64%.
DOV has been the subject of several recent research reports. Citigroup raised Dover from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a report on Friday, September 7th. Royal Bank of Canada upped their price objective on Dover to $86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 12th. SunTrust Banks upped their price objective on Dover to $91.00 and gave the stock a “hold” rating in a research note on Friday, October 19th. Barclays upped their price objective on Dover to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 12th. Finally, BMO Capital Markets lowered Dover from an “outperform” rating to a “market perform” rating and set a $90.00 price objective for the company. in a research note on Friday, September 7th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $89.77.
In related news, Director Mary A. Winston sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $82.29, for a total value of $164,580.00. Following the sale, the director now directly owns 13,055 shares in the company, valued at $1,074,295.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by insiders.
Dover Company Profile
Dover Corporation provides equipment and components, specialty systems, consumable supplies, software and digital solutions, and support services worldwide. The company operates in three segments: Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual clamps, power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.
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